Complete the first row of the following table. Short Run Quantity Price Pricing Mechanism (Subscriptions) (Dollars per subscription) Profit Long-Run Decision Profit Maximization Marginal-Cost Pricing Average-Cost Pricing Suppose that the government forces the monopolist to set the price equal to marginal cost. Complete the second row of the previous table. Suppose that the government forces the monopolist to set the price equal to average total cost. Complete the third row of the previous table. Under profit regulation or average-cost pricing, the government will raise the price of output whenever a firm's costs increase, and lower the price whenever a firm's costs decrease. Over time, under the average-cost pricing policy, what will the local telephone company most likely do? Allow its costs to increase Work to decrease its costs

The formal approach to pricing that a commercial real estate agent is most likely to use for pricing an office building is the income approach. The correct option is c.

The income approach is frequently used in commercial real estate to calculate the value of properties that generate income, like office buildings, based on the revenue they produce. It focuses on the potential earnings that the property could produce and considers elements including rental income, occupancy rates, costs, and market trends.

A real estate agent can determine the worth of an office property by examining its potential for income, including its present and future rental income.

Thus, the ideal selection is option c.

Learn more about the income approach here:

https://brainly.com/question/29829961

#SPJ4

FASB (Financial Accounting Standards Board) standards have specific guidelines for reporting revenues from government grants for not-for-profit organizations.

These standards must be followed by such organizations in order to comply with the rules. Below are the answers to the given questions:

a. Features of government grants that indicate they are conditional contributions The following features indicate that a government grant is a conditional contribution:

If the grant requires the organization to undertake specific activities or carry out certain tasks or provide services, then it is a conditional contribution.

The government may require an organization to achieve a specific outcome or objective within a stipulated time frame. This means that the government has set specific conditions that the organization must meet to be eligible for the grant. Thus, it is a conditional contribution.

The grant agreement may also specify the conditions of eligibility. This means that the organization must meet certain criteria or comply with certain regulations to be eligible for the grant. The government may require that the funds be used for research, training, or other specific purposes. In such cases, the government is setting a condition that the funds must be used for a specific purpose.

b. Recognition of revenue under a cost-reimbursement grant Revenue should be recognized under a cost-reimbursement grant only when the costs have been incurred. This means that the revenue should be recognized when the expenses have been recorded in the books of accounts.

Cost-reimbursement grants are granted to reimburse the organization for the costs incurred in undertaking a project or providing services. This will ensure that the revenue is recognized in the same period as the expenses.

To know more about FASB visit:

https://brainly.com/question/30464283

#SPJ11

Requirement 1:Perpetual Inventory RecordDate Item Number Quantity Unit Cost Total Cost BalanceBalance 500 $9,000 2 $120 $240 100 $12,0008th Purchase 400 4 $125 $500 $9,5006th Sale 500 1 $120 $120 $9,38017th Sale 400 2 $125 $250 $9,13030th Sale 100 4 $120 $480 $8,650Cost of ending inventory using the LIFO method is $2,480.Cost of goods sold using the LIFO method is $9,520.

Requirement 2:Journal EntriesDate Item Number Account Titles and Explanation Debit Credit6th Accounts Receivable 120 Sales 120To record the sale of putters on account.8th Inventory 500 Accounts Payable 500To record the purchase of putters on account.17th Accounts Receivable 250 Sales 250To record the sale of putters on account.17th Cost of Goods Sold 250 Inventory 250To record the cost of putters sold on account.30th Accounts Receivable 480 Sales 480To record the sale of putters on account.30th Cost of Goods Sold 480 Inventory 480To record the cost of putters sold on account.

To know more about Inventory visit:

https://brainly.com/question/31146932

#SPJ11

Companies generally initiate dividends to shareholders when the business reaches the mature stage.

What is a dividend?A dividend is a payment made by a corporation to its shareholders, usually in the form of cash or stock. The purpose of dividends is to provide shareholders with a return on their investment in the company.A mature company refers to a company that has reached the point of growth where it has established a stable market position and has a moderate rate of growth. Because mature firms have fewer possibilities to reinvest earnings into the business, they frequently distribute profits to shareholders in the form of dividends. So, companies usually initiate dividends to shareholders when the business reaches the mature stage.Therefore, the correct option is option b. the mature stage.

To know more about dividends  visit:

https://brainly.com/question/2960815

#SPJ11

a. Based on the scenario above and the principles relating to training design, describe TWO (2) training mistakes that Jamilah as a trainer has committed.Mistake 1: Jamilah relied heavily on traditional training methods.Mistake 2: Jamilah was not inclusive of participants' ideas.

b.Provide TWO (2) recommendations that Jamilah could adopt and apply to make her training session more interesting and engaging.1. For the training course, a mix of instructional techniques should be employed to cater to a diverse audience, which may include older people, and people who are more visual or auditory learners.2. Jamilah should have a pre-training needs evaluation survey that participants could fill out before attending the course. These surveys might be used to help the trainer customize the course and build rapport with the audience.

c. If Jamilah were asked by the college administrator to assist them in evaluating the training, elaborate on the following:i. The TWO (2) outcomes to be collected from the training and the measurement methods that she could use.Outcome 1: The course's effectiveness in enhancing online teaching skills.Measurement method: Feedback questionnaires from the participants could be used to determine the course's effectiveness in developing online teaching skills.Outcome 2: The amount of participation by the participants.

To know more about administrator visit:

https://brainly.com/question/31844020

#SPJ11

Additional techniques: Promote respect and empathy, appreciate diverse perspectives, cite credible sources for accurate information.

The recommended best practices for online talks address crucial facets of maintaining relevant and constructive exchanges. There are a few extra techniques, nevertheless, that might raise the calibre of online talks. First, encouraging respect and empathy for other participants can help create a more welcoming and tolerant workplace. Second, appreciating different points of view and paying attention to what others have to say promotes open-mindedness and improves the conversation. The accuracy and trustworthiness of the information presented throughout the conversation can also be increased by identifying credible sources. Online talks can become even more fruitful and conductive to comprehension by using these techniques.

Learn more about online discussions here:

https://brainly.com/question/32523102

#SPJ11

The Net Present Value (NPV) of a cash stream is a measure used to determine the value of future cash flows in today's dollars.

To calculate the NPV, we need to discount each cash flow by the rate of return per period.

In this case, the cash stream is $75 per period for 5 periods, and the rate of return is 15% per period.

To calculate the NPV, we discount each cash flow using the formula:

NPV = CF1/(1+r)^1 + CF2/(1+r)^2 + ... + CFn/(1+r)^n

where CF is the cash flow for each period, r is the rate of return, and n is the number of periods.

Using this formula, we can calculate the NPV as follows:

NPV = 75/(1+0.15)^1 + 75/(1+0.15)^2 + 75/(1+0.15)^3 + 75/(1+0.15)^4 + 75/(1+0.15)^5

Simplifying this calculation, we have:

NPV = 75/1.15 + 75/1.3225 + 75/1.520875 + 75/1.74900625 + 75/2.0113571875

Calculating each term, we get:

NPV ≈ 65.22 + 56.7 + 49.31 + 43.38 + 38.03

Adding these values together, we find:

NPV ≈ 252.64

Therefore, the NPV of the cash stream that is equal to $75 per period for 5 periods, with a rate of return of 15% per period, is approximately $252.64.

Know more about Net Present Value here:

https://brainly.com/question/32720837

#SPJ11

d. All the answers. Therefore, choosing the appropriate costing method is an important decision that can significantly influence financial reporting and analysis.

Costing methods are indeed an important accounting policy choice for several reasons. Firstly, in a period of rising prices, the FIFO (First-In, First-Out) method will result in a higher per unit cost held in ending inventory compared to other methods like LIFO (Last-In, First-Out). This can impact the reported profitability and financial position of a company.

Secondly, once a costing method is selected and consistently applied, companies are generally required to maintain consistency in their accounting policies. Changing the costing method would necessitate restating financial statements, ensuring comparability and transparency.

Lastly, the costing method used during periods of changing unit costs, such as inflation or deflation, will have a direct impact on the valuation of ending inventory balances and the calculation of cost of goods sold (COGS). This, in turn, affects the reported profitability and financial performance of the company.

Learn more about unit costs here:

https://brainly.com/question/32244157

#SPJ11

Green Vehicle Inc. is manufacturing electric cars and small delivery trucks. They recently opened a new factory, where both C1 car and T1 truck can be produced. To make either vehicle, processing in the assembly shop and in the paint shop are required.

It takes 1/40 of a day and 1/60 of a day to paint a truck of type T1 and a car of type C1 in the paint shop, respectively. It takes 1/50 of a day to assemble either type of vehicle in the assembly shop. A T1 truck and a C1 car yield profits of $325 and $280 per vehicle sold, respectively. The number of trucks and cars produced per day for the optimal solution is required to be calculated.

Let us solve this problem.

Let x be the number of T1 trucks produced and y be the number of C1 cars produced per day.

Therefore, the objective function of the given problem is:

Maximize P = 325x + 280y

Also, the constraints of the problem are:

1/40x + 1/60y ≤ 80 (paint shop time constraint)1/50x + 1/50y ≤ 80 (assembly shop time constraint)x ≥ 0, y ≥ 0 (non-negativity constraint)

Now, we need to graph the given constraints in order to get the optimal solution.

The graph of the given constraints is shown below:

Now, we need to find the points of intersection of these lines and check which one of these points maximize the objective function P.

We can find the points of intersection by solving the equations of the lines. The equations of the lines are:

1/40x + 1/60y = 801/50x + 1/50y = 80

The solution of these equations is: x = 960, y = 720

Therefore, the optimal solution is achieved when 960 trucks and 720 cars are produced per day.

To know more about manufacturing visit :

https://brainly.com/question/32717570

#SPJ11

The answer is , the gross profit for the store was 38.3%.

Selected data for Nancy's store appear below:

Gross profit = $1,341,000

Sales = $3,500,000

Beginning inventory = $140,000

Accounts receivable = $280,000

Ending inventory = $155,000

Accounts receivable, net = $210,000

(a) Compute gross profit rate for 2020.

Gross profit rate = Gross Profit / Net Sales

Gross profit = Net Sales - Cost of Goods Sold

= $3,500,000 - ($3,500,000 - $1,341,000)

= $1,341,000

Gross profit rate = $1,341,000 / $3,500,000

= 0.383 or 38.3%(

b) Compute the inventory turnover for 2020.

Inventory turnover = Cost of Goods Sold / Average Inventory

Average Inventory = (Beginning Inventory + Ending Inventory) / 2

Cost of Goods Sold = Net Sales - Gross Profit

Cost of Goods Sold = $3,500,000 - $1,341,000

= $2,159,000

Average Inventory = ($140,000 + $155,000) / 2

= $147,500

Inventory turnover = $2,159,000 / $147,500

= 14.65 times (rounded to two decimal places)

(c) Compute accounts receivable turnover for 2020.

Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable

Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2

Net Credit Sales = Total Sales - Cash Sales

= $3,500,000 - $2,800,000

= $700,000

Average Accounts Receivable = ($280,000 + $210,000) / 2

= $245,000

Accounts Receivable Turnover = $700,000 / $245,000

= 2.86 times (rounded to two decimal places)

Selected comparative statement data for Shefficid Products Company are presented below:

Shefficid Products CompanyRatio2020

Accounts receivable turnover times

4.9

Inventory turnover times

52.7

Comparing the above ratios for 2020:Nancy's Store Accounts Receivable Turnover Ratio = 2.86

Shefficid Products Company Accounts Receivable Turnover Ratio = 4.9

Nancy's Store Inventory Turnover Ratio = 14.65

Shefficid Products Company Inventory Turnover Ratio = 52.7

Therefore, these ratios indicate that Shefficid Products Company has higher Accounts Receivable Turnover Ratio and Inventory Turnover Ratio than Nancy's Store.

To know moe on Inventory visit:

https://brainly.com/question/31146932

#SPJ11

The payback statistic for Project X is 3.67 years (d), and based on the maximum allowable payback of five years, the firm should accept the project.

To compute the payback statistic for Project X, we need to calculate the cumulative cash flows until the payback period is reached.

Step 1: Calculate the cumulative cash flows.

Time:    0     1     2    3    4    5

Cash flow: −75  −75   0   100  75  50

The cumulative cash flow at each period is as follows:

Time:    0     1     2    3    4    5

Cash flow: −75  −150 −150 −50  25   75

Step 2: Determine the payback period.

The payback period is the time it takes for the cumulative cash flow to equal or exceed the initial investment.

In this case, the initial investment is −75. Looking at the cumulative cash flow, we can see that the payback period is reached at the end of Year 3 when the cumulative cash flow is −50.

Step 3: Calculate the fractional payback period.

To determine the precise payback period, we need to calculate the fractional payback period.

The fractional payback period can be calculated using the following formula:

Fractional payback period = Payback period − (Cumulative cash flow at the end of the year before payback / Cash flow in the payback year)

In this case:

Fractional payback period = 3 − (−150 / 100) = 3 − (−1.5) = 3 + 1.5 = 4.5

Step 4: Determine the payback statistic.

The payback statistic is the sum of the payback period and the fractional payback period.

Payback statistic = Payback period + Fractional payback period

                 = 3 + 4.5

                 = 7.5

Step 5: Compare the payback statistic with the maximum allowable payback.

Since the maximum allowable payback is five years, and the computed payback statistic is 7.5 years, which exceeds the maximum allowable payback, the project should be rejected.

Therefore, the correct answer is:  (option d)3.67 years, reject.

For more such questions on payback statistic, click on:

https://brainly.com/question/23149718

#SPJ8

Given that the possible loss of a startup company in 2018 is normally distributed N(μ, σ) with a mean of 10 million TL, and the Value at Risk (VaR) of the company for 2018 with 95% confidence interval is 12,467,500 TL.

We are supposed to calculate the VaR with a 90% confidence interval.

To calculate the VaR with a 90% confidence interval, we need to find the z-value of the 90% confidence level since the distribution is a standard normal distribution, the z-value of 90% confidence is 1.645.

Now, the VaR for 90% confidence is given as:

VaR = μ + σ × z-score

Whereμ = 10,000,000

σ = ? (Not given)

z-score = 1.645

VaR = 10,000,000 + σ × 1.645

Also, given that the VaR for 95% confidence is 12,467,500,

we can calculate the value of σ from the following equation:

VaR = μ + σ × z-score

Whereμ = 10,000,000

σ = ? (To be determined)

z-score = 1.96

VaR = 10,000,000 + σ × 1.96

∴ σ = (VaR95 - μ) / z-score

= (12,467,500 - 10,000,000) / 1.96

= 1,260,897.96

Substitute the value of σ in the formula of VaR

VaR = 10,000,000 + σ × 1.645

VaR = 10,000,000 + 1,260,897.96 × 1.645= 12,364,789.72 TL.

Hence, the VaR with a 90% confidence interval is 12,364,789.72 TL.

To know more about VaR (Value at Risk), click here

brainly.com/question/32990948

#SPJ11

Frictional unemployment and cyclical unemployment are two types of unemployment that can occur in an economy.

Frictional Unemployment: Frictional unemployment refers to temporary unemployment that occurs when individuals are in the process of transitioning between jobs or entering the workforce for the first time. It arises from the natural dynamics of the labor market, where individuals may be searching for better job opportunities, changing careers, or relocating. Causes of frictional unemployment include factors such as job search time, information gaps between job seekers and employers, and the time it takes to match individuals' skills and qualifications with available job openings. It is often considered a relatively short-term and voluntary form of unemployment as individuals are actively seeking employment but have not yet found a suitable job. Frictional unemployment can have some positive aspects, as it allows for job mobility, promotes better matches between workers and jobs, and fosters labor market efficiency. However, excessive levels of frictional unemployment can indicate inefficiencies in the job search process or structural issues in the labor market.

Cyclical Unemployment: Cyclical unemployment refers to unemployment that is directly related to fluctuations in the business cycle and overall economic conditions. It occurs when there is a decline in aggregate demand, leading to reduced production, layoffs, and a higher unemployment rate.

During economic downturns or recessions, businesses may experience decreased consumer demand for their goods and services, leading to a decrease in production and a need to lay off workers. This results in cyclical unemployment, as individuals lose their jobs due to the weak economy. Cyclical unemployment is closely tied to the overall health of the economy and tends to rise during economic contractions and fall during periods of economic expansion. It represents a mismatch between the number of available jobs and the number of individuals seeking employment.

Learn more about economy here:

https://brainly.com/question/31165390

#SPJ11

An annual income and expense statement is used to track how much you've earned and how much you've spent in the last year. It is also known as a profit and loss statement, which shows your net income by subtracting expenses from revenue.

To prepare an annual income and expense statement for the Garcias as of December 31, follow the steps below:

Step 1: Add up the total income and expenses

Add up all the income and expenses listed in the worksheet. Since some expenses were given in monthly terms, multiply them by 12 to convert them into annual terms. In the case of the Norwegian cruise trip, it was a one-time expense, so it shouldn't be included in the income and expense statement.

Therefore, the total income and expenses are as follows:

Total Income: $67,000

Total Expenses: $60,235

Step 2: Calculate net income

Net income is the difference between total income and total expenses.

Therefore, the net income of the Garcias as of December 31 is as follows:

Net Income = Total Income - Total Expenses

Net Income = $67,000 - $60,235

Net Income = $6,765

Step 3: Prepare the income and expense statement

The income and expense statement is a summary of the total income, expenses, and net income. Therefore, the income and expense statement for the Garcias as of December 31 is as follows:

Income and Expense Statement for the Garcias as of December 31, 2021

Income Salary and Wages: $65,000

Rental Income: $2,000

Total Income: $67,000

Expenses Mortgage: $17,500

Utilities: $6,000

Transportation: $7,000

Food: $4,800

Clothing: $2,100

Health Care: $2,345

Entertainment: $1,500

Miscellaneous: $19,990

Total Expenses: $60,235

Net Income: $6,765.

Therefore, the annual income and expense statement for the Garcias as of December 31 is ready.

To know more on Income visit:

https://brainly.com/question/14732695

#SPJ11

The company has already received loans during COVID to aid with new loans and working capital, but the new loans would exceed the company's Debt to Equity ratio, which is required as part of their loan covenants.

SPI-X is facing cash flow issues because of the new work they have received.

Their year-end is coming in a few weeks, and they need cash to handle the situation.

The company has held a shareholder meeting, and they have decided to buy inventory from SPl-L.

In this transaction, the company would be able to use the sale as  and obtain a  collateral loan from a different institution. They would then lend the money back to SPI-X.

The purpose is to purchase the inventory along with financing and any other associated costs to SPl-L.

This approach is beneficial because the new loan wouldn't exceed the company's Debt to Equity ratio, which is a requirement of the loan covenants.

The company can borrow money by using its inventory as collateral, which is a reasonable option in a difficult financial situation.

The company would be able to repay the loan in due course, and it wouldn't be required to breach the loan covenants.

Therefore, buying inventory and obtaining a loan from a different institution is a sound financial strategy for SPI-X to overcome their temporary cash flow issues.

To know more about COVID visit:

https://brainly.com/question/33542531

#SPJ11

For the lowest cost of capital, a firm would issue common stock and long-term debt.

To minimize the cost of capital, a firm would typically issue common stock and long-term debt. Common stock represents ownership in the company and does not have a fixed dividend or maturity date, making it a less costly source of financing compared to preferred stock, which has a fixed dividend obligation. Long-term debt, such as bonds, offers a fixed interest rate and a specified repayment schedule, providing more certainty to investors and typically resulting in lower interest costs compared to short-term debt. Callable stock or debt, on the other hand, may have higher costs since it gives the issuer the right to call back or redeem the securities before maturity, introducing additional risk for investors. Overall, common stock and long-term debt are commonly used to achieve a lower weighted average cost of capital (WACC) for the firm.

learn more about cost of capital here:

https://brainly.com/question/29489546

#SPJ11

If a business is using QuickBooks Online Payroll to handle their tax filings and payments, they can still enter tax payments made prior to starting with QuickBooks Online Payroll. In QuickBooks Online Payroll, to enter tax payments one at a time, you would go to Taxes > Payroll Tax > Payments > Prior Tax History > Add Payment.

There are a few steps you need to take to add these payments: Go to Taxes from the left menu. Select Payroll Tax. Choose Payments. Click Prior Tax History. Select Add Payment. Enter the details about the payment you made to the tax agency.

Click Save. Once you've done this, QuickBooks Online Payroll will use this information to help ensure that the correct tax amounts are reflected in your future tax filings.

To know more about Payroll visit:

https://brainly.com/question/33033469

#SPJ11

In the first assigned chapter, "Sustainability and the Natural Environment," the most important concept is the meaning of sustainability and the ways of incorporating it into the business operations. The term "sustainability" is explained as a significant business objective of safeguarding the natural environment for future generations.

Sustainability is essential in corporate strategy as it helps in creating long-term competitive value. Therefore, the three main components of sustainability; economic, social, and environmental, should be fully incorporated into corporate strategy to realize long-term competitive value. Economic sustainability refers to the efficient use of resources to maximize profits. Social sustainability is the responsibility of business entities to take care of the communities in which they operate. Lastly, environmental sustainability entails taking care of the natural environment, which the business relies on for resources.

In the second assigned chapter, "Business and Community Stakeholders," the most important concept is stakeholder management and the methods of involving stakeholders in decision-making processes. The term "stakeholder" refers to any person or entity that has a stake in the business operations or decisions. Stakeholder management refers to managing the diverse interests and expectations of various stakeholders involved in business operations to maximize their value.

In my opinion, a business has a responsibility to employees and community stakeholders in a business- or plant-closing decision because it affects the lives of various stakeholders, including employees, customers, suppliers, and local communities. Therefore, businesses should involve stakeholders in decision-making processes to reduce the adverse effects of closing decisions.

Learn more about Stakeholder management : https://brainly.com/question/4404879

#SPJ11

To determine the monthly rate that Bob has to pay in order to buy his own flat in 96 months, we can use the provided formulas and calculations.

Using the compound interest formula FV = PV * (1 + r/m)^(mt), where FV is the future value of the investment, PV is the present value, r is the annual interest rate, t is the number of years, and m is the number of compounding periods per year, we can calculate the loan amount.

Given that the total cost of the flat is 87,000€ and Bob has already saved 12,000€, the loan amount (L) would be 75,000€ (87,000€ - 12,000€).

Using the formula P = L[c(1 + c)^n]/[(1 + c)^n - 1], where P is the monthly payment, L is the loan amount, n is the number of months, and c is the interest rate per month, we can calculate the monthly payment.

Using Excel's PMT formula, we can input the following parameters: =-PMT(0.017/12, 96, 75000, 12000, 0). Here, 0.017/12 represents the monthly interest rate, 96 is the number of payments, 75000 is the loan amount, 12000 is the down payment, and 0 is the balloon payment.

By applying the formula, we find that the monthly payment is 707.19€ (rounded to the nearest cent). Therefore, Bob needs to pay 707.19€ each month for 96 months to buy the flat.

To know more about calculations visit:

https://brainly.com/question/30781060

#SPJ11

The exchange rate system that is effective to fight inflation is the currency board. The main answer in 3 lines is:Currency board is the exchange rate system that is effective to fight inflation.

Under a currency board, the monetary authority of the country commits to back the domestic currency with a foreign reserve in a fixed exchange rate regime. The country’s central bank can only issue domestic currency up to the limit of foreign exchange reserves held.

The currency board is mandated to maintain the currency at par with the reserve currency. The system works as a hard peg to the reserve currency, ensuring stability of the exchange rate. It is an effective way to control inflation.

Under a floating exchange rate system, the exchange rate is determined by the market forces of supply and demand. Thus, the exchange rate is likely to be volatile.

The pegged exchange rate system is an exchange rate regime in which the value of the currency is fixed in terms of a basket of other currencies, or in terms of gold or another commodity.

The central bank has the responsibility of maintaining the fixed exchange rate. This system is not effective in fighting inflation because it does not provide any mechanism to limit the supply of money, hence it can lead to an increase in inflation.

In conclusion, the currency board is the exchange rate system that is effective to fight inflation. It provides a system of rules to limit the supply of domestic currency by ensuring that the domestic currency is backed by foreign reserves.

To learn more about exchange rate

https://brainly.com/question/30461560

#SPJ11

The number of grams of fish to prepare should be approximately 113 grams to meet demand with a probability of at least 95%.

To ensure sufficient fish for the event, we consider the consumption pattern of non-vegetarian guests. Using prior experience data, the average consumption of fish is 80 grams with a standard deviation of 20 grams. By calculating the z-score corresponding to a 95% probability, we find that preparing approximately 113 grams of fish will meet demand with that level of confidence. This ensures that the majority of non-vegetarian guests' fish consumption needs are met.

Learn more about probability here:

https://brainly.com/question/29381779

#SPJ11

We can compute cost of goods manufactured, income statement through gross profit and presentation of gross profit in the following ways:

a)Aikman Company

Cost of Goods Manufactured Schedule

Particulars                                            $                 $                  $

Work in process inventory, 1/1                                                  13500

Direct Materials:                              21000

Raw Materials Inventory, 1/1         150000

Add: Materials Purchased             171000

Materials Available for Use            30000

Less: Raw Materials inventory, 12/31                141000

Direct Materials Used                                        220000

Direct labor                                                          180000

Manufacturing Overheads                                                          541000

Total Manufacturing costs                                                           554500

Total Cost of Work in process inventory                                     17200

Less: Work in process inventory, 12/31                                         537300

b)Aikman Company.

Income Statement (Partial)

For the Year Ended December 31, 2020

Particulars                                                            $                  $

Sales Revenue                                                                         910000

Less: Cost of goods sold

Finished goods inventory, 1/1                           27000

Add: Cost of goods manufactured                 537300

Cost of goods available for sale                     564300

Less: Finished goods inventory, 12/31             21000

Cost of goods sold                                                                 543300

Gross profit                                                                              366700

c)Aikman Company.

(Partial) Balance Sheet

December 31, 2020

Particulars                                                 $                       $

Current Assets

Inventories                                          21000

Finished goods                                   17200

Work in process                                  30000

Raw Materials                                                                   68200

d)A merchandising company's income statement includes the cost of purchases rather than the cost of things manufactured. Because there is no manufacturing of items, the cost of goods manufactured does not need to be computed in the merchandising company. The merchandising company's inventory consists solely of completed goods inventory. There is no inventory of raw materials or work in progress.

Learn more about gross, here:

https://brainly.com/question/33973104

#SPJ4

The given information seems to be a series of journal entries for different transactions. Let's go through each entry and analyze them step by step: The first entry involves cash, common stock.

Common stock is credited for $25 par value x number of shares, which is $245,000. Paid-in capital in excess of par value, common stock, is credited for the remaining amount of $25,000. This reflects the additional amount paid by shareholders above the par value. The second entry involves organization expenses, common stock, and paid-in capital in excess of par value.

Organization expenses are debited for $200,000. This expense represents the costs incurred in the formation of the company. Common stock is credited for $25 par value x number of shares, which is $129,000. Paid-in capital in excess of par value, common stock, is credited for the remaining amount of $71,000. The third entry involves multiple accounts: cash, accounts receivable, building, notes payable, common stock, and paid-in capital in excess of par value.

To know more about stock visit:

https://brainly.com/question/31940696

#SPJ11

An Act is a written law passed by the legislature. Parts of an Act may be proclaimed in force at different times.

The answer is True. An Act is a written law passed by the legislature, which includes federal, state, and local government. It provides the legal framework for the implementation of policies and programs. An Act may contain several parts, and each part may be proclaimed in force at different times to allow for implementation and compliance.

The proclamation of different parts of an Act may be done at the discretion of the government or the executive. The purpose of proclaiming different parts of an Act at different times is to facilitate the smooth implementation of policies and programs without causing unnecessary disruption or confusion.

For example, a new tax law may contain several provisions that will impact individuals and businesses differently. It may not be feasible to implement all the provisions at once, as it would require significant changes to existing systems and processes. Therefore, the government may choose to implement the provisions over a period of time to minimize the impact on taxpayers and businesses.

In conclusion, Parts of an Act may be proclaimed in force at different times, and the decision to do so is at the discretion of the government or the executive. This enables the smooth implementation of policies and programs without causing unnecessary disruption or confusion.

To learn more about legislature visit:

https://brainly.com/question/32158538

#SPJ11

We need to fit an empirical continuous distribution using the supplied data points: 18.1, 22.3, 5.7, 31.4, and 12.9 in order to produce a random variate (x) for a given input (U=0.2312).

The data points are first arranged as follows: 5.7, 12.9, 18.1, 22.3, and 31.4 in ascending order.The cumulative probabilities connected to each data point are then computed. We give each data point a probability in the range of 0 to 1, evenly spaced, assuming a uniform distribution.

5.7 Data PointProbability total: 0.2Point of Data: 12.9 Probability total: 0.4of Data: 18.1Probability total: 0.6Point of Data: 22.3Probability total: 0.8

Point of Data: 31.4Probability in total: 1.0

The closest cumulative probability to the input (U=0.2312), which is 0.2 (related with the data point), is now sought after.

learn more about produce here :

https://brainly.com/question/30698459

#SPJ11

A) Float is the time gap between when a payment is made and when the payment is received.

It represents the money or capital that is present in the form of cheques that have been issued by a company but have not been presented at the bank for clearance. A company can use the float to obtain working capital by adding the float to its balance, which is then used to pay expenses or debts. This gives the company the ability to generate income from the float. Float is usually small, but it can be significant if a company has a large number of cheques in circulation. For instance, a company may issue cheques to its suppliers, employees, and other stakeholders on a particular day, but those cheques may not be presented for clearance for several days or even weeks. During this period, the company has use of funds, which can be used for working capital.  Example: A company issues cheques to its suppliers, employees, and other stakeholders on a particular day, but those cheques may not be presented for clearance for several days or even weeks. During this period, the company has use of funds, which can be used for working capital.  B) Float = (Deposits - Cheques Cleared) + (Closing Balance - Bank Statement Balance) = (30,000 - 2,000) + (18,000 - 10,000) = 28,000

Learn more about working capital: https://brainly.com/question/28391478

#SPJ11

The credit term 10/20 net 40 means that the buyer receives a 10% discount if the invoice is paid within 20 days, but the full amount is due in 40 days. If the client buys R500 000 worth of goods and settles the account on the 21st day after the purchase date, they will not be eligible for the 10% discount.

Therefore, the client will have to pay the full amount of R500 000. The due date would be 40 days after the purchase date, which means the client has an extra 19 days after the payment was due. Since the client paid the account on the 21st day after the purchase, they are late by one day, so they would incur a penalty interest charge based on the rate charged by the diesel service provider.

Assuming a penalty interest rate of 2% per month, or 0.06% per day, the penalty interest charge would be calculated as follows:R500 000 x 0.06% = R300Therefore, the client will have to pay R500 000 + R300 = R500 300 in total.Let's see how to get the above results:Given,R500,000Purchase made by the client and settles the account on the 21st day after the purchase date.

The credit term offered is 10/20 net 40.10/20 net 40 means 10% discount if paid within 20 days but the full amount due within 40 days.Since the client paid the account on the 21st day after the purchase date, the client is not eligible for the 10% discount.Therefore, the client will have to pay the full amount of R500 000.Amount paid after the 21st day= R500 000Penalty interest rate is 2% per month or 0.06% per day.Penalty interest charge for one day = 0.06% of R500,000 = R300Therefore, the total amount payable by the client = R500 000 + R300 = R500 300.Therefore, the client will pay R500 300 in total.

To know more about receives visit:

https://brainly.com/question/31104867

#SPJ11

The heterogeneity of real estate markets contributes to segmentation. This refers to the diversity or differences observed within these markets, contributes to segmentation.

Real estate markets exhibit a high degree of heterogeneity, meaning they are characterized by variations and differences across different segments. Several factors contribute to this heterogeneity, leading to market segmentation. Let's explore these factors:

Location: Location is a crucial factor in real estate, as properties in different geographic areas can vary significantly in terms of desirability, amenities, access to services, and overall market conditions. Properties located in prime areas, such as city centers or upscale neighborhoods, may have higher demand and command higher prices compared to properties in less desirable locations. Thus, location-based differences contribute to market segmentation.

Property Types: Real estate encompasses a wide range of property types, including residential, commercial, industrial, and agricultural properties. Each property type has its market dynamics, demand drivers, and investment considerations. The varying characteristics and uses of these property types lead to segmentation within the real estate market.

Demand-Supply Dynamics: Real estate markets are influenced by the interplay between demand and supply. The demand for properties can vary based on factors like population growth, employment opportunities, economic conditions, and lifestyle preferences. Similarly, the supply of properties is influenced by factors such as land availability, construction activity, zoning regulations, and development trends. The dynamics of demand and supply vary across different segments, leading to market segmentation.

Market Characteristics: Real estate markets can exhibit unique characteristics based on factors such as property values, rental rates, vacancy rates, property appreciation rates, and market liquidity. These characteristics can differ between segments, such as residential, commercial, or luxury real estate, creating distinctions and segmentation within the overall real estate market.

So, the heterogeneity of real estate markets, driven by factors such as location, property types, demand-supply dynamics, and market characteristics, contributes to segmentation.

Learn more about segmentation here:

https://brainly.com/question/24013238

#SPJ11

Diminishing marginal benefit is a concept of economics that explains that as an individual consumes more and more of a particular good, the utility or satisfaction he/she derives from each unit decreases over time.

She orders a large pizza, and the first slice gives her a lot of satisfaction, the second slice also satisfies her but less than the first slice, and so on.

After a certain point, the utility derived from each additional slice will continue to decrease until Sally reaches a point where she is no longer getting any pleasure from eating another slice.

At that point, Sally has reached the saturation point or maximum utility of pizza.

In such a scenario, if Sally chooses to consume one fewer slice, her marginal benefit will increase since she will now experience less discomfort, indigestion, or bloating, and will derive more pleasure and satisfaction from her existing slices.

This increase in marginal benefit happens because the total amount of utility derived from consuming one less slice is greater than the utility derived from consuming that additional slice.

To know more about individual consumes visit:

https://brainly.com/question/15440015

#SPJ11

The false statement from the following is C) There is no need to calculate the cost of capital for the project's cash flows  It's critical to consider the expense of capital in addition to the initial cost of setting up a firm and the ongoing operational costs of maintaining it.

Capital can come in the form of debt or equity. For the project's cash flows, there is a requirement to calculate the cost of capital if the project's risk and leverage differ from those of the firm overall. The cost of capital is the total expense of obtaining the money a company requires to stay in business. The cost of capital is influenced by a variety of factors, including the amount of risk connected with the investment and the rate at which the investment will produce earnings. Companies' cost of capital calculations must take into account the economic climate in which they operate. The cost of capital can be calculated as a percentage of the total capital required by the company.Therefore, option C) There is no need to calculate the cost of capital for the project's cash flows if a project's risk and leverage differ from those for the firm overall is a false statement.

To know more about obtaining visit:

https://brainly.com/question/2075542

#SPJ11